Moody’s: Proposed merger plan is credit positive for AmBank

RHB Bank and AMMB said the transaction will effectively be an all shares merger.

PETALING JAYA: The proposed merger is credit positive for AmBank (M) Bhd (Baa1/Baa1 stable, baa3), AmBank Group’s main operating bank, because its distribution, funding resources and systemic importance would benefit from being part of a larger Malaysian banking group, according to Moody’s Investors Service.